Chinese Firm Great Wall Wants To Buy Fiat Chrysler Automobiles
The future of Fiat Chrysler Automobiles has been up in the air for some time now. Sergio Marchionne - the group’s CEO - has been wanting to merge the company with another, with VW Group touted as an option at one point. Speculation over FCA’s future stepped up a notch further last week when the company reportedly turned down a buyout offer from an unnamed Chinese manufacturer, with talk of an imminent break-up of the firm.
One week on, and Reuters is reporting that China’s Great Wall Motors is officially interested in buying all or part of FCA. “With respect to this case, we currently have an intention to acquire. We are interested in [FCA],” a Great Wall official told the news agency today.
However, it seems Great Wall is mostly interested in just the tastiest part of the pie: Jeep. Speaking to Automotive News, Great Wall spokesman Xu Hue said: “We are deeply interested in the Jeep brand and have paid close attention to it for a long time…Our strategic goal is to become the world’s largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better.”
By going down that route, Great Wall would bag the most profitable bit of FCA, and avoid all the debt. Whether it goes for just Jeep or all of FCA though, the result either way would be China’s largest overseas automotive acquisition. FCA meanwhile has released a statement, saying that it has not been approached by Great Wall.
Growing up on a diet of World Rally Championship highlights and lengthy Gran Turismo 2 sessions, a life in cars was as good as inevitable for Matt.
Comments
ITS STARTING
Haha, that translation wasn’t accurate btw lol, just typical top gear joking around XD
The Cinese will own the West at the very end. Then again…they kind of do already since 90% of everything we own in made in china.
Please no, just split fca up into 2 companies, Chrysler with the american brands and Fiat with the European brands. As long as they dont screw ram up they will survive
‘If you cant beat the competitor … Buy the competitor ‘
I know they like their SUV’s but do you honestly belive they are willing to buy all these brands just for jeep…
I agree. If Great Wall really, really has to buy FCA…actually, they just shouldn’t. At the least, they could perhaps partner up to learn some SUV-building tricks from the FCA, but a merge like this is just weird and somewhat wrong, if you ask me
I’m not a racist but seriously, the idea of FCA being owned by a Chinese company scares me to the core. Not to mention that that company is responsible for the most obvious and blatant ripoffs of already established cars.
Hello guys it’s a Chevy Colora… wait, it’s a Great Wall Ute! They also have ‘their’ version of Isuzu Axiom, Scion xB, Scion xA, also spawn another Colorado as the Steed, Honda Civic, and another Colorado(again) as the Wingle(with VW front end). There so much more you’ll be surprised to see the entire lineup of Great Wall cars.
Rwe
If you ran a poll asking the people what part of FCA is most valuable, only Jeep owners would have said Jeep.
Because Jeep.
Great Wall had cars produced in Bulgaria for all of a few years before the company that took the contract to build them filed bankruptcy.